Newmont Corporation with ticker code (NEM) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 85.5 and 60.65 with a mean TP of 73.08. With the stocks previous close at 54.19 this now indicates there is a potential upside of 34.9%. The 50 day moving average now sits at 49.49 and the 200 moving average now moves to 52.23. The company has a market cap of $41,616m. Company Website: https://www.newmont.com
The potential market cap would be $56,122m based on the market concensus.
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.
